LAGOS Oct 21 (Reuters) – MTN Nigeria complied with fund transfer rules in Nigeria and did not pay dividends until it obtained regulatory approvals to send money out of the country, denying allegations that it transferred $14 billion illegally, it said on Friday.

The telecom firm said “certificates of capital importation” were requested for capital brought into Nigeria and that dividends were repatriated based on those investment, it said in a statement.